DUBLIN, May 24, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Plant Automation Solutions Market 2016-2020" report to their offering.
The global plant automation solutions market to grow at a CAGR of 6.47% during the period 2016-2020.
Global Plant Automation Solutions Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Plant automation encompasses various technologies starting from acquisition of raw materials to distribution of final products, and represents a revolution in the manufacturing industry. An automation control solution enables organizations in the process and discrete industries to increase the overall efficiency and functioning. It enables collection of data from field devices, which gives a competitive edge to end-users; allows uninterrupted system operations; provides accurate and real-time information to companies; improves efficiency metrics; and reduces total expenditure.
The current trend is the increased focus on industrial IoT. The Internet of Things (IoT) electronically connects industrial equipment with unique identifiers. IoT boosts efficiency, and enables the transfer of data across the network without human-to-computer or human-to-human interaction. It is an emerging technology trend, which will boost a company by ushering in a new era of economic growth and competitiveness.
According to the report, more industrial regulations and sharper scrutiny by regulatory bodies has encouraged enterprises to pursue the implementation of automation solutions. Many industry regulators are mandating strict technical norms designed to reduce carbon dioxide emissions in the power and oil and gas industries; to govern the permissible impurity range in the water and wastewater treatment industries; and to prevent adulteration of the permissible chemical content in the food and beverage industries. Such regulations are also designed to reduce chemical contamination and prevent industrial accidents in the chemicals and petrochemicals, fertilizers, oil and gas, power and cement industries.
Further, the report states that apprehension among end-users for automation solutions may delay adoption and market growth.
- ABB Electric
- Emerson Electric
- Honeywell International
- Rockwell Automation
- Schneider Electric
Other prominent vendors
- Control Systems International
- Dassault Systèmes
- General Electric
- Hitachi Group
- Koyo Electronics
- Mitsubishi Electric
- Mitsubishi Heavy Industries
- Toshiba International
- Yokogawa Electric
For more information visit http://www.researchandmarkets.com/research/vsn4nq/global_plant
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SOURCE Research and Markets